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Attached is the question!! Please answer correctly!!! Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,830 units Sales
Attached is the question!! Please answer correctly!!!
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,830 units Sales price $40.93 per unit Variable costs $16.78 per unit Fixed costs $18,600 What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio % What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.) $ Break-even point What is the margin of safety in dollars and as a ratio? (Round ratio to 2 decimal places, e.g. 12.25.) $ Margin of safety Margin of safety ratio % If the company wishes to increase its total dollar contribution margin by 30% in 2017, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? (Round answer to 0 decimal places, e.g. 2,520.) $ Total increase in sales requiredStep by Step Solution
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